Exam 9: Executing Strategy Through Organizational Design
Exam 1: Mastering Strategy: Art and Science81 Questions
Exam 2: Leading Strategically85 Questions
Exam 3: Evaluating the External Environment76 Questions
Exam 4: Managing Company Resources83 Questions
Exam 5: Selecting Business-Level Strategies85 Questions
Exam 6: Supporting the Business-Level Strategy: Competitive and Cooperative Moves86 Questions
Exam 7: Competing in International Markets86 Questions
Exam 8: Selecting Corporate-Level Strategies89 Questions
Exam 9: Executing Strategy Through Organizational Design99 Questions
Exam 10: Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility88 Questions
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_____ control focuses on measurable results within an organization.
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(Multiple Choice)
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Correct Answer:
E
Describe a limited liability company.
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A limited liability company (LLC) is a form of business that mixes attractive features of corporations and partnerships.The owners of an LLC are not personally responsible for debts that the LLC accumulates (like in a corporation) and the LLC can be run in a flexible manner (like in a partnership).When paying federal taxes, however, an LLC must choose to be treated as a corporation, a partnership, or a sole proprietorship.An LLC is not recognized by the federal government as a form of business.Instead, the ability to create a limited liability company (LLC) is granted in state laws.
_____ are relationships between equals in an organization.
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(Multiple Choice)
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A
All profits of a sole proprietorship are the property of the owner.
(True/False)
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Creating a structure that effectively coordinates a firm's activities increases the firm's likelihood of being successful.
(True/False)
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The _____ principle states that each person should only report directly to one supervisor.
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One of the main reasons for changing an organization's structure is improving:
(Multiple Choice)
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A functional structure works best for organizations that offer wide variety of products lines.
(True/False)
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Strategic decision making in a simple structure tends to be highly centralized.
(True/False)
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Which of the following is used by executives when mapping out the vertical linkages in an organizational structure?
(Multiple Choice)
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Which of the following is a basic building block of an organizational structure?
(Multiple Choice)
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_____ allow executives to track how well the organization is performing, identify areas of concern, and then take action to address the concerns.
(Multiple Choice)
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Paul Kelly is the store manager at the Fresh Produce Grocery Store, in Cincinnati.He has a close friendship with Matthew, who works as a cashier at the store, with whom he shares an interest in comic books and graphic novels.This is an example of which of the following structures?
(Multiple Choice)
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_____ refer to unofficial relationships such as personal friendships, rivalries, and politics.
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The process of evaluating and rewarding employees' performance tends to be informal in organizations that follow a _____ type of organizational structure.
(Multiple Choice)
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